Group Chez Gerard is to open another City of London restaurant in the spring. Refurbishment at three restaurants and preparation for the new opening has pushed capital expenditure to more than £4m this year.
The group is also eyeing provincial cities such as Birmingham, Manchester and Leeds for more outlets and it wants to expand further in London. The company reported a 23% increase in full-year, pre-tax profits to £2.86m on turnover of £16.4m.
- The Daily Telegraph 01/10/96 page 25
- Financial Times 01/10/96 page 22
- The Times 01/10/96 page 27
- The Independent 01/10/96 page 19 (The Investment Column)
